217,000 Shares in Honeywell International Inc. (NASDAQ:HON) Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 217,000 shares of the conglomerate's stock, valued at approximately $49,018,000.

Other large investors have also bought and sold shares of the company. Capital World Investors bought a new position in shares of Honeywell International during the 4th quarter worth approximately $1,594,216,000. Raymond James Financial Inc. bought a new position in shares of Honeywell International during the 4th quarter worth approximately $435,786,000. ING Groep NV grew its stake in shares of Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after acquiring an additional 1,574,376 shares in the last quarter. Cibc World Markets Corp grew its stake in shares of Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after acquiring an additional 1,018,099 shares in the last quarter. Finally, Demars Financial Group LLC bought a new position in shares of Honeywell International during the 4th quarter worth approximately $155,407,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $0.58 during mid-day trading on Thursday, reaching $225.19. The company had a trading volume of 6,739,986 shares, compared to its average volume of 3,800,657. The business's 50-day simple moving average is $208.47 and its 200 day simple moving average is $216.38. The firm has a market cap of $144.73 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.25 EPS. On average, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HON. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and raised their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Mizuho raised their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays cut their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Royal Bank of Canada raised their price target on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Honeywell International has an average rating of "Moderate Buy" and an average target price of $245.57.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.